Banks versus Check Cashing: Both Cost

The government is trying to get involved with consumers who rely on check cashing companies for their pay.

08/18/2010 // West Palm Beach, FL, USA // Tara Monks (Press Release) (Blog) // Tara MonksI understand why some stick with check cashing organizations as their main means of banking. The article cites the transparency of check cashing as a lure for those wanting access to their paychecks, and it is true. With all the bad news in the press and lawsuits banks are facing; horrible lending practices, hidden fees, dishonest check clearing procedures - it makes sense that people shy away. Maybe personal finance education is the way to go, rather than bribes of low bank rates though.
Watch the full story on:New Attempts to Woo 'Unbanked' Consumers